Mubarak and sons dominate the press from behind bars
CAIRO: Local press is shock-full of reports on the interrogation and detention of ousted president Hosni Mubarak and his two sons Alaa and Gamal. State-owned newspaper Al-Ahram Daily, in a…
Former Minister of Petroleum accused of squandering public funds
By Heba Fahmy CAIRO: Former diplomat Ibrahim Youssry announced in a press conference Wednesday that he will file several complaints to the Prosecutor General in a few days, accusing former Minister…
Football league resumes amid tightened security
CAIRO: Following a three-month suspension, the Egyptian football league resumed Wednesday with five matches amid tightened security measures by police. Al-Ahly beat Police Union 2-1 in Cairo, while Smouha beat…
SCAF to investigate detainee cases, families deny real action
CAIRO: The Supreme Council of the Armed Forces (SCAF) promised in its 35th and 36th statements to reinvestigate the case of detainee Waleed Sami Saad, adding that all detention cases…
Egyptian Resorts says a land sale deal cancelled
CAIRO: Real estate firm Egyptian Resorts said the tourism development authority had retracted its approval for selling a land plot allocated for the firm's Sahl Hasheesh resort on the Red…
British Airways says confident in Egyptian market despite 70 pct drop
CAIRO: British Airways announced its commitment to the Egyptian market, despite recent declines that hit the company following the country’s January 25 Revolution. “That time last year, our activity was…
MENA unrest dampens property market outlook, says report
DUBAI: Unrest in the Middle East and North Africa region will lead to delays and cancellations of many real estate projects and may dampen the outlook of regional property markets,…
Egypt sells T-bills worth LE 6 billion as planned
CAIRO: Egypt's central bank said it sold LE 6 billion ($1.01 billion) in domestic treasury bills on Thursday (CBEY), with yields on its 182-day bills declining. The bank sold LE…
OT’s Sawaris casts doubt on Vimpelcom’s Djezzy talks
CAIRO: Egypt's Orascom Telecom (OT) chairman on Thursday ruled out Russia's Vimpelcom succeeding in talks over dispute with the Algerian government over its Djezzy unit. The long-running dispute over Djezzy,…
No nukes?
By Bjørn Lomborg NEW YORK: When parts of Japan were devastated recently by an earthquake and subsequent tsunami, news of the human toll was quickly overshadowed by global fears of radioactive…